The 2026-27 Budget: Child Welfare

Mar 3, 2026 - Center for Excellence $750,000 ongoing beginning in 2022 ‑23. Emergency Response Augmentation $50 million one ‑time in 2021 ‑22 and again in 2022 ‑23, expendable for four years (through June 30, 2026 for the later allocation).
https://lao.ca.gov/publications/report/5147

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - The Nasdaq composite, which includes the California headquartered companies Nvidia, Google, Facebook, Apple, AMD, and Broadcom, has doubled since 2023. The meteoric rise in the value of these companies has led to sizable gains for their investors and their employees via stock options, which has led income tax collections to grow at double-digit rates.  
https://lao.ca.gov/LAOEconTax/article/Detail/852

Statutory initiative that would establish a statewide vote to express the intent of California voters to seek independence from the United States of America. [Ballot]

Jan 8, 2025 - [Ballot]  PDF Version Pursuant to Elections Code Section 9005, we have reviewed the proposed statutory initiative that would express the intent of California voters to seek changes in the state ’s relationship with the United States of America (A.G.
https://lao.ca.gov/BallotAnalysis/Initiative/2024-001

The 2023-24 California Spending Plan: Child Care and State Preschool

Nov 17, 2023 - Since 2021 ‑22, the state has added about 146,000 new slots, which more than doubled the number of subsidized child care slots in the state. As of April 2023, about 30  percent of the recently added slots have been filled.
https://lao.ca.gov/Publications/Report/4817

LAO Local Government

Our proposal saves $1.4 billion in state costs by shifting various program costs to counties (consistent with our overall restructuring model), and funds these added local costs through the extension of the half cent sales tax on a transitional basis.
https://lao.ca.gov/Policy-Areas?areaId=11&category=0&year=0&page=14

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The Commission determined that Los Angeles County incurred reimbursable costs processing deferment requests and adding the required disclosure to property tax bills. The Commission determined that the county incurred a total amount of about $30,000 in back-year costs (incurred between 2022 and 2024), and about $8,000 in ongoing costs thereafter.
https://lao.ca.gov/Publications/Report/5130

California Community Colleges Capital Outlay Projects [EdBudget]

Mar 10, 2026 - California Community Colleges Capital Outlay Projects [EdBudget]     a Community college districts issue local general obligation bonds to pay for a share of project costs. b Proposition 51 (2016) bond funds. c The performance criteria phase is the initial phase of this design-build project. d Replacement buildings listed in this category involve adding space. e Center operated
https://lao.ca.gov/Education/EdBudget/Details/1025

Proposition 4 [Ballot]

Nov 5, 2024 - Proposition 4 [Ballot]  PDF Version Proposition 4 Authorizes Bonds for Safe Drinking Water, Wildfire Prevention, and Protecting Communities and Natural Lands From Climate Risks. Legislative Statute.  
https://lao.ca.gov/BallotAnalysis/Proposition?number=4&year=2024

Early Data Revision Shows No Job Creation During 2024 Q4 [EconTax Blog]

Jun 24, 2025 - Newest Revision  Shows State Added No Jobs from September Through December 2024.   Based on the most recent release of the early benchmarks, shown in the figure below, the monthly business survey appears to have overestimated job growth by 100,000 jobs.
https://lao.ca.gov/LAOEconTax/Article/Detail/833